IMF Staff Country Reports

Luxembourg: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg

May 24, 2023

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Luxembourg: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg, (USA: International Monetary Fund, 2023) accessed November 12, 2024

Summary

Growth and employment have slowed somewhat, reflecting mostly weaker external demand, tighter financial conditions, and confidence effects. A large fiscal support package in the run up to the election has alleviated the impact of the energy shock on consumers and firms, with energy price controls limiting the pass-through to inflation and hence wage increases in a context of automatic wage indexation.

Subject: Energy prices, Financial institutions, Inflation, International organization, Labor, Loans, Monetary policy, Mutual funds, Prices, Wage indexation

Keywords: Central bank of Luxembourg, Energy prices, Europe, Global, Inflation, Liability positions vis-a-vis nonresident, Loans, Luxembourg economy, Money market rate, Mutual funds, Policy advice, Wage indexation

Publication Details

  • Pages:

    78

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2023/176

  • Stock No:

    1LUXEA2023001

  • ISBN:

    9798400242212

  • ISSN:

    1934-7685